As per the
projections of the TMR report, the demand in the global stretcher
chair market will increment at a CAGR of 4.0% during the forecast
period of 2017 to 2022. The report has evaluated that the stretcher
chair market, across the globe, had an opportunity worth US$204.6 mn
in 2017, which will reach a valuation of US$248.5 mn by 2022. In the
near future, the prominent companies are expected to indulge in
strategic collaborations with local players in order to increase
their geographical presence and gain ground over the competitors.
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Recent improvements
to the product has been the most prominent driver of the global
stretcher chair market. Now, stretcher chair are available that are
designed specifically to carry patients in places such as corridors,
stairs, and lifts, are easy to clean and lightweight as they are now
made of aluminum alloy framework, and offer flexibility and
fold-ability. Modern stretcher chairs now also come with safety belts
for elderly patients and help majorly in transportation. As the
awareness regarding the availability of these advanced products
increases, the demand in the global stretcher chair market is
expected to escalate.
The stretcher chair
market is also gaining strong traction from the late but eventual
penetration of ecommerce in the region of Asia Pacific. This is a
vastly populated region, and the disposable income is increasing
among the urban population. The consumers can now research their
product and read the reviews as well as guidelines of usage before
making the purchase. Mushrooming number of specialty clinics,
increased number of accidents across the world, and escalating
percentage of geriatric population who frequently suffer from illness
that hinders their movability are some of the other factors
augmenting the demand in the global stretcher chair market. While the
high cost of these continues to obstruct the market for stretcher
chair to meet its potential in the emerging economies, the companies
are working on setting up localized manufacturing units in order to
reduce production cost and meet the consumers at a reasonable price.
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On the basis of
product type, the TMR report rates general stretcher chair as the
leading segment of the global stretcher chair market, yielding 62.6%
of the overall demand in 2017, which was worth US$128.1 mn. This
segment is projected remain most profitable and account for 60.8% of
the total demand in the market for stretcher chair by the end of
2022, serving revenue of US$151.0 mn. Geographically, the developed
regions of Europe and North America currently serve maximum demand
for stretcher chair, although Europe is expected to lose its leading
position to North America, which has been estimated for an
above-average CAGR of 4.2% during the forecast period of 2017 to
2022.
A fresh study by
Transparency Market Research (TMR) has detected that the global
stretcher chair market is heavily dependent on innovative products,
and that a number of players are connected to its value chain,
starting from raw material suppliers to the manufacturers to the end
users. The TMR report identifies Allengers Medical Systems Limited,
AMTAI Medical Equipment, Inc., Blue Chip Medical Products, Inc., CDR
Systems, C-RAD AB, Elekta AB, Getinge AB, GF Health Products, Inc.,
Hill-Rom Holdings, Inc., Invacare Corp, Leoni AG, medifa-hesse GmbH &
CoKG, Medtronic Plc., Novak M d.o.o, OPT SurgiSystems S.R.L., Skytron
llc., Span America Medical System, Inc., STERIS, Stryker Corporation,
and Transmotion Medical, Inc. as some of the key companies currently
operating in the global stretcher chair market.
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